What are financing options, rebates, and tax credits that make solar panel installations more accessible and affordable for residents and businesses in Ohio? Whether you're interested in purchasing or leasing solar panels, share your experiences and learn from others in this discussion.
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When it comes to making solar panel installations more accessible and affordable in Ohio, there are several financing options, rebates, and tax credits available to residents and businesses. One popular option is the federal Investment Tax Credit (ITC), which allows eligible individuals to receive a tax credit of up to 26% of the cost of their solar panel system.
One notable incentive is the federal Investment Tax Credit (ITC), which provides a tax credit of up to 26% of the total cost of a solar panel system. Additionally, Ohio offers its own incentives, including the Ohio Residential Renewable Energy Tax Credit and the Ohio Business Energy Investment Tax Credit, which further reduce the upfront costs of solar installations. Some utilities in Ohio also offer net metering programs, allowing solar panel owners to receive credits for excess energy produced. Whether you choose to purchase or lease solar panels in Ohio, these financial incentives can make transitioning to solar energy a viable option for many in Ohio.